Question: (PLEASE ANSWER ME IN TYPING ) GRAPH SHOULD BE CLEAR PLEASE 7 . How is Monopolistic market different from Monopoly market and Why there are

(PLEASE ANSWER ME IN TYPING ) GRAPH SHOULD BE CLEAR PLEASE

7 . How is Monopolistic market different from Monopoly market and Why there are excess capacities in monopolistic competition in the long run? Explain the concept using appropriate diagrams.

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